SPDR Dow Jones REIT ETF (NYSEARCA:RWR) Reaches New 52-Week High – Time to Buy?

SPDR Dow Jones REIT ETF (NYSEARCA:RWR)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $109.32 and last traded at $109.31, with a volume of 29848 shares trading hands. The stock had previously closed at $108.10.

SPDR Dow Jones REIT ETF Price Performance

The business has a fifty day moving average price of $105.01 and a two-hundred day moving average price of $101.66. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 36.49 and a beta of 1.02.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of RWR. Charles Schwab Investment Management Inc. lifted its holdings in SPDR Dow Jones REIT ETF by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,203,285 shares of the company’s stock worth $216,429,000 after buying an additional 110,318 shares during the last quarter. LPL Financial LLC increased its position in SPDR Dow Jones REIT ETF by 37.8% in the 4th quarter. LPL Financial LLC now owns 439,980 shares of the company’s stock valued at $43,219,000 after acquiring an additional 120,601 shares during the period. Millennium Management LLC increased its position in SPDR Dow Jones REIT ETF by 11.7% in the 4th quarter. Millennium Management LLC now owns 433,079 shares of the company’s stock valued at $42,541,000 after acquiring an additional 45,331 shares during the period. Mason Street Advisors LLC increased its position in SPDR Dow Jones REIT ETF by 3.0% in the 4th quarter. Mason Street Advisors LLC now owns 366,555 shares of the company’s stock valued at $36,007,000 after acquiring an additional 10,750 shares during the period. Finally, Truist Financial Corp increased its position in SPDR Dow Jones REIT ETF by 1.0% in the 3rd quarter. Truist Financial Corp now owns 227,728 shares of the company’s stock valued at $22,839,000 after acquiring an additional 2,365 shares during the period.

SPDR Dow Jones REIT ETF Company Profile

SPDR Dj Wilshire Reit ETF (the Fund), formerly SPDR Dow Jones REIT ETF, seeks to match the returns and characteristics of the Dow Jones U.S. Select REIT Index. The Dow Jones U.S. Select REIT Index consists of companies whose charters are the equity ownership and operation of commercial real estate and which operate under the REIT Act of 1960. Each REIT in the REIT Index is weighted by its float-adjusted market capitalization. That is, each security is weighted to reflect the attainable market performance of the security, which reflects that portion of securities shares that are accessible to investors.